Official Journal of the European Communities C 388/714.12.98
COMMON POSITION (EC) No 64/98adopted by the Council on 13 October 1998with a view to adopting Council Regulation (EC) No /98 of . . . amending Regulation (EC)No 1734/94 on financial and technical cooperation with the Occupied Territories
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the EuropeanCommunity, and in particular Article 130w thereof,Having regard to the proposal from the Commission(
),Acting in accordance with the procedure referred to inArticle 189c of the Treaty(
),Whereas Council Regulation (EC) No 1734/94 of 11 July1994 on financial and technical cooperation with theOccupied Territories(
) lays down detailed arrangementsand rules for administering the Community programmefor aid and assistance to the Palestinian population in theWest Bank and Gaza Strip;Whereas, according to that Regulation, the Community isto implement financial and technical cooperation with theWest Bank and Gaza Strip under a five-year programme;whereas this programme expires at the end of 1998;Whereas the persistent deadlock in the peace process thatprevails is the worst crisis since the Middle East peaceprocess was launched in 1991; whereas internationaleconomic assistance has nevertheless succeeded inmaintaining the peace process alive and providingsupport for the Palestinian Authority;Whereas the objective is to prevent any furtherdeterioration of the Palestinian economy by minimisingand cancelling out the effects of closures and otherobstacles to development as well as to contribute to asound management and fiscal balance of the PalestinianAuthority and to consolidate it by means of institutionalreinforcement;
) OJ C 253, 12.8.1998, p. 15.(
) Opinion of the European Parliament of 16 September 1998(OJ C 313, 12.10.1998, p. 66), Council Common Position of 13 October 1998, and Decision of the European Parliamentof . . . (not yet published in the Official Journal).(
) OJ L 182, 16.7.1994, p. 4.
Whereas the ultimate aim is the achievement of sustainable economic and social development and tofoster democracy, human rights and the development of civil society;Whereas, given the present situation, the Communityshould pursue its aid effort; whereas to this end afive-year period of assistance (1999 to 2003) should belaunched and Regulation (EC) No 1734/94 amendedaccordingly; whereas this Regulation should be reviewedby the Council within two years and not later than31 December 2000 in order to take into account recentdevelopment and bring it into line with the reviewedCouncil Regulation (EC) No 1488/96 of 23 July 1996 onfinancial and technical measures to accompany (MEDA)the reform of economic and social structures in theframework of the Euro-Mediterranean partnership(
);Whereas the words ‘the Occupied Territories’ should bereplaced by ‘the West Bank and the Gaza Strip’throughout the text of Regulation (EC) No 1734/94;Whereas Article 4 of Regulation (EC) No 1734/94provides that all financing decisions on projects andoperations are to be adopted in accordance with theprocedure laid down in Article 5 thereof; whereas, inorder to allow for rapid and flexible reactions and toincrease expediency, only financing decisions exceedingECU 2 000 000 other than those relating to interest-ratesubsidies on Bank loans should be adopted in accordancewith that procedure;Whereas Council Decision No 97/256/EC of 14 April1997 granting a Community guarantee to the EuropeanInvestment Bank against losses under loans for projectsoutside the Community (Central and East Europeancountries, Mediterranean countries, Latin America andAsian countries and South Africa)(
) covers guaranteesalso in this region for the period to the year 2000,
) OJ L 189, 30.7.1996, p. 1. Regulation as amended byRegulation (EC) No 780/98 (OJ L 113, 15.4.1998, p. 3).(
) OJ L 102, 19.4.1997, p. 33. Decision as amended byDecision No 98/348/EC (OJ L 155, 29.5.1998, p. 53).